Verizon has $1.9 billion in winning bids in 3.5 GHz spectrum auction: FCC

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In total, 228 bidders won bids worth nearly $4.6 billion for the mid-band spectrum block. The FCC says the auctioned spectrum will further the deployment of next-generation 5G networks and the Internet of Things. FCC Chairman Ajit Pai said the auction of 91% of spectrum offered demonstrated there was “strong demand.”